Nationwide prices up but provinces see falls: QV

Values across the country rose 1.1% over the past three months and are now 2.7% above the same time last year but remain 3.3% below the market peak of late 2007.

"While national values are continuing to increase, this is not universal across the country," said QV research director Jonno Ingerson.

"While the combined main urban centres and combined rural areas have increased over the past few months, the combined provincial centres have begun to slide back again."

Ingerson said market activity had picked up since the New Year, with signs that decisions made over the holiday period were translating into action.